IBT Staff Reporter

Denmark and Canada will divide small, uninhabited Hans Island in the Arctic, eding an almost 50-year ownership spat, in a largely symbolic act of diplomacy designed to avoid tensions in the high North.

European Union financial services chief Mairead McGuinness on Tuesday urged the bloc's lawmakers to agree on bank capital rules to keep the sector resilient as it emerges from the pandemic and markets fragment due to war in Ukraine.

Republican U.S. Representative Tom Rice, who voted to impeach Donald Trump after the Jan.

Republican U.S. Representative Tom Rice, who voted to impeach former President Donald Trump after the Jan.

Britain and Falklands mark 40 years since Argentine surrender

Russia's invasion of Ukraine is triggering shifts in the smuggling routes for illegal drugs to Europe, the EU drugs agency warned on Tuesday.

Russia's invasion of Ukraine could create "new vulnerabilities" in Europe to illegal drugs by triggering shifts in smuggling routes and potentially exposing more people to narcotics, the Lisbon-based EU drugs agency warned on Tuesday.

Rich countries have made a dangerous dash for fossil fuels in response to the Ukraine war, the U.N.

Monte dei Paschi di Siena has named veteran UniCredit executive Andrea Maffezzoni as its new chief financial officer as it prepares to present a new strategic plan next week, the state-controlled bank said on Tuesday.

India's military is overhauling its recruitment process for personnel below officer rank, aiming to deploy fitter, younger troops on its front lines, many of them on shorter contracts of up to four years, defence officials said on Tuesday.

U.S. software developer MicroStrategy Inc said it has not received a margin call against a bitcoin-backed loan and can withstand further volatility, soothing market jitters after the token's slide raised fears of asset liquidation.

MicroStrategy CEO Michael Saylor said on Tuesday the software firm was capable of withstanding volatility in bitcoin prices after the token slumped to levels that triggered fears of possible liquidation on its leveraged position.

Bitcoin neared a price level on Tuesday that could force software firm MicroStrategy Inc to add more tokens against a bitcoin-backed loan or trigger selling some of its vast holdings, setting fragile cryptocurrency markets on edge.

The Swiss National Bank will keep its negative policy interest rate unchanged on Thursday and will not raise it to zero until early next year, according to a majority of economists polled by Reuters, despite the highest inflation in 14 years.

Famed Hong Kong floating restaurant towed away after half a century

Two influential proxy advisers have both recommended voting for the appointment of all Toshiba Corp director nominees including two from activist shareholders, despite objection to the move from within the board.

Sri Lanka has approved a four-day work week for public sector workers to help them cope with a chronic fuel shortage and encourage them to grow food, the government said on Tuesday, as it struggles with its worst financial crisis in decades.

China is set to get a picture of how the country's zero-COVID-19 policy and slowing economy have impacted shoppers' urge to splurge, as e-commerce platforms gear up to report takings from the mid-year "618" shopping festival this weekend.

Pope Francis has taken a new series of swipes at Russia for its actions in Ukraine, saying its troops were brutal, cruel and ferocious and that the invasion violated a country's right to self-determination.

Pope Francis has taken a new series of swipes at Russia for its actions in Ukraine, saying its troops were brutal, cruel and ferocious, while praising "brave" Ukrainians for fighting for survival.

Pope Francis has taken a new series of swipes at Russia for its actions in Ukraine, saying its troops were brutal, cruel and ferocious, while praising "brave" Ukrainians for fighting for survival.

Buyout funds are set to extend a record spending spree in Asia to the rest of the year but they will be mostly seeking deals outside China, where concerns about the economy are likely to outweigh any easing of a regulatory crackdown, dealmakers said.

Hunger claims children in forgotten corner of Uganda

Britain's jobless rate rose for the first time since late 2020 and other measures of the country's hot labour market cooled, potentially easing inflation worries at the Bank of England which is due to raise rates again this week.

Sequoia Capital has raised $2.85 billion to fund Indian and Southeast Asian startups, the venture capital firm said on Tuesday, looking beyond current weakness in investment in new companies in the region.

The crypto market's a hot mess, leaving many investors struggling to turn a buck. Enter the arbitrageurs.

As 10-metre high mounds of sunflower meal smoulder among the blackened ruins of one of Ukraine's top agricultural terminals, farmers in this front-line region are scrambling to survive a harvest under Russian fire.

China's bid to set up a security pact with Pacific island countries should be considered by a regional forum, the leaders of Samoa and New Zealand said on Tuesday, weeks after the Solomon Islands sparked uproar by signing a deal with China.

Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network's freezing of withdrawals and the prospect of sharp U.S.